TITLE

YEMEN: RISK SUMMARY

PUB. DATE
November 2005
SOURCE
Middle East Monitor: The Gulf;Nov2005, Vol. 15 Issue 11, p9
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article presents the risk summary of Yemen. Ali Abdullah Saleh, President of Yemen, has announced an amnesty for all followers of the Believing Youth militia, a group that has repeatedly clashed with government troops in 2004. Faced with declining oil production, the government aims to diversify into LNG, and in August approved a plan to develop a major new LNG plant at Balhaf on the southern coast of Yemen. According to the World Bank's latest Doing Business report, the cost of going through the 12 procedures required to start a business in Yemen is equal to 240.2 percent of gross national income (GNI) per capita, well above the regional average of 64.2 percent of per capita GNI.
ACCESSION #
18561554

 

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